Question

The difference between the compound interest and simple interest on a certain sum

Answer 1

Answer:

Step-by-step explanation:

The difference is in formula

Si= P+I

Ci=A+I

Answer 2

Answer:

Differences between SI and CI for 2years is

P=D(100/R)^2

Difference between SI and CI for 3years is

P=D×10^6 / R^2(300+R)

since P- Principle

D- Difference

R- rate of interest